Wall Street is on the water as investors wait for the Fed
North American stock markets ended the session with very slight gains, on a day when investor attention turns to the US Federal Reserve’s monetary policy meeting that begins on Tuesday.
North American stock markets closed higher, albeit with very slight gains, in a week as investors await another monetary policy decision from the US Federal Reserve.
The meeting begins tomorrow and ends on Wednesday, the day the decision will be announced. The market expects the US central bank to keep interest rates unchanged, and the Federal Reserve’s next move will be one of the moments that will determine the course of the global market’s performance.
In addition to the monetary policy decision, investors will also pay attention to the “dot chart”. A map showing how each central bank representative estimates changes in official interest rates can provide clues about the Fed’s next steps. The main goal will be to understand whether the Conservatives maintain expectations for a new 25 basis point increase later this year.
The Standard & Poor’s 500 index rose 0.07% to 4,453.53 points, the Dow Jones Industrial Average increased 0.02% to 34,624.30 points, and the Nasdaq technology index advanced 0.01% to 13,710.24 points.
Among the main moves, Micron Technology rose 0.89%, on the day Deutsche Bank revised its recommendation for the company’s shares upward, while Nikola Corp jumped 33.61% after announcing that Mary Chan would be the company’s new CEO.
Amazon shares fell 0.29% after it was reported that it would appoint a Microsoft product manager. Panos Panai, to manage Alexa, the company’s virtual assistant.
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